October 26, 2010

Shooting star of Dow Jones

  • The effect of shooting star was evident today. Dow jones spot fell below 10 DMA. But bulls managed to put up a good fight till now and bought it above 10 DMA.
  • But the effect of shooting star is still there. Only if price closes well into the shadow of yesterday's candle the bullishness can be sustained. 

No comments:

Post a Comment